Blog
By Ritsuko Ando TOKYO (Reuters) – Japan’s Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. Chief Executive Kozo Takahashi said he was not considering spinning off the company’s troubled display business and would continue making TVs in Japan, leaving investors doubting the
By Yasmeen Abutaleb NEW YORK (Reuters) – Facebook raised wages for its contract workers, such as cafeteria staff and janitors, to a minimum of $15 per hour amid rising tension over the wage gap between the technology sector’s elite and the lower-paid workers. Contractors will also receive a minimum of 15 days of paid vacation days and a $4,000 new child benefit for parents who do not receive parental leave,
(Reuters) – Amazon.com Inc launched a new advertising platform for mobile app developers to promote their apps on Android devices, Bloomberg reported. Developers can advertise their apps on Android smartphones and tablets, and also on Amazon tablets by paying Amazon each time a user clicks an advertisement displayed through the system, Bloomberg said. Campaigns for the service start at $100, the report said. Amazon could not be reached immediately for
Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority, the Chinese e-commerce leader’s new CEO, Daniel Zhang, said. “We must absolutely globalize,” Zhang said in his first speech since taking up his new post this week, according to a report on Thursday on Alibaba’s news and commentary website, Alizila. The vast bulk of Alibaba’s revenue comes
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Billionaire investor Stan Druckenmiller said an aging population will present a “massive, massive problem” for the U.S. in 15 years.
According to a report from the San Francisco Federal Reserve, it still very much pays to go to college.
College enrollment is dropping as Millennials head back to work.
The political drama has largely obscured the debate over the TPP itself, which would create a trading bloc encompassing 40% of the global economy.
CEOs might soon choose to jump into the busy M&A game as they see borrowing rates turning higher.
